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Projecting the Impact of Population Aging on the Quebec Labour Market

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  • Luc Bissonnette
  • David Boisclair
  • François Laliberté-Auger
  • Steeve Marchand
  • Pierre-Carl Michaud
  • Carole Vincent

Abstract

Quebecers are living longer than ever before as a result of better health as well as improved educational attainment and economic well-being. Using a dynamic microsimulation model, we show that an aging workforce will not necessarily mean a decline in Quebec employment levels in the coming years. Because future experienced workers will be more educated and more of them will remain in employment for longer, we project that annual growth rates in employment will stay positive, averaging between 0.2 and 0.3 percent over the next two decades. Between 2035 and 2050, employment could contribute nearly 0.3 percentage points to annual economic growth in Quebec.

Suggested Citation

  • Luc Bissonnette & David Boisclair & François Laliberté-Auger & Steeve Marchand & Pierre-Carl Michaud & Carole Vincent, 2016. "Projecting the Impact of Population Aging on the Quebec Labour Market," Canadian Public Policy, University of Toronto Press, vol. 42(4), pages 431-441, December.
    • Handle: RePEc:cpp:issued:v:42:y:2016:i:4:p:431-441
    DOI: 10.3138/cpp.2016-035
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    Cited by:

    1. Nicolas Bédard & Pierre-Carl Michaud, 2018. "Playing with Fire? Debt near Retirement in Canada," Cahiers de recherche 1814, Chaire de recherche Industrielle Alliance sur les enjeux économiques des changements démographiques.

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